Mongolia sees Oyu Tolgoi deal this month
Wrangling over a $6 billion-plus underground expansion of Oyu Tolgoi, Rio Tinto’s (LON:RIO) massive copper-gold mine in Mongolia, could be resolved by the end of the month.
UBPost News reports Erdenes Oyu Tolgoi director Da.Ganbold, representing the Mongolian government’s 34% stake in the project told local news media “only a few critical issues remain,” including water usage which is close to being settled, royalties, details the phase 2 pre-feasibility study and what Mongolia alleges is overspending by Rio to the tune of $2 billion.
Read more at: http://www.mining.com/mongolia-sees-oyu-tolgoi-deal-this-month-20529/
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